Solana (SOL) is currently generating buzz in the cryptocurrency market, with increased institutional interest in Solana-based staking options potentially setting the stage for a significant price rally. The introduction of Liquid Staked SOL (LsSOL) by Liquid Collective, in partnership with major players like Coinbase, Kraken, Galaxy, Anchorage Digital, and Fireblocks, is a key factor driving this optimism.
LsSOL aims to capitalize on the rising institutional demand for Solana, particularly with the anticipation of U.S. regulatory approval for SOL-based exchange-traded funds (ETFs). This new liquid staking token (LST) seeks to meet the needs of institutions and exchange-traded product (ETP) providers as spot Solana ETFs are likely to gain federal approval in the coming months. The potential approval of several Solana ETFs could trigger significant capital inflows, with estimates suggesting that between $3 billion and $6 billion could enter the market within the first six months following approval. Currently, there are seven pending Solana ETF applications.
Liquid staking, in general, has emerged as a solution in the DeFi ecosystem, allowing users to stake their cryptocurrencies while maintaining liquidity and flexibility. By using liquid staking protocols, users receive tradeable tokens representing their staked assets, which can be utilized across various DeFi applications for lending, borrowing, or yield farming.
The technical analysis of Solana's price movements also supports a potentially bullish outlook. SOL completed an inverse head-and-shoulders pattern with a break above $159, and analysts are closely watching the 20-day exponential moving average and the relative strength index (RSI) for further signals. If buyers maintain the price above $168, the SOL/USDT pair could ascend to the overhead resistance at $185. A break above the $185 level could potentially propel the pair to $210.
Various experts and platforms have released their Solana price predictions for July 2025, showing optimism about SOL's prospects. Technical analysis suggests that a decisive breakout from the current bullish flag could see SOL double in value toward the $300 mark.
Other analysts predict a more conservative range of $143.99 to $165.66, averaging $154.83 for July. However, the overall sentiment suggests that Solana's price could maintain support above $150, with strong potential for upside if key resistance levels are breached.
Overall, the combination of multi-exchange liquid staking solutions and increasing institutional interest could act as a catalyst for a SOL price rally. Technical indicators also point to the potential for further gains, with a target of $185 as a key level to watch. However, as with all cryptocurrencies, it is important to conduct thorough research and exercise caution when making investment decisions.
